Facebook Messenger Now Lets You Send Money To Friends

What is Facebook Messenger?

Facebook Messenger is an instant messaging service and software application which provides text and voice communication. Integrated with Facebook‘s web-based Chat feature and built on the open MQTT protocol, Messenger lets Facebook users chat with friends both on mobile and on the main website.

Facebook Messenger has rapidly turned into the most downloaded application in the Apple Store. The announcement that Facebook Messenger will now allow its users to send money to friends has made it clear why the number one social network media company had been pushing its users to download the Messenger application since the middle of 2014.

Send Money Through Facebook Messenger

Many proponents of the new feature cite a number of beneficial aspects of this new addition: Permitting users to send money to their families for a little fee. Although, the money will be sent through debit cards.  but senders will not require to make their bank account information available to the receiver.

The use of a PIN or Apple’s finger print ID gives an extra layer of security to secure Facebook users’ account records and debit card information. The Facebook messenger payment feature was announced on Tuesday and will be available to users over the next few months.

All you need to do in order to send money is to create a message on Face Messenger, click on a dollar sign icon next to the receiver’s name, and then click “Pay” to deduct money from your Visa or MasterCard debit card.

Disadvantages of the New Feature on Facebook Messenger

Still, users remain cautious about the possible negative impacts of the new Facebook Messenger feature could have. Most Facebook users don’t take kind of changes on the website, especially when it comes to dealing with money transaction online.

Facebook users may worry about it since their credit card information will be stored in their Facebook accounts; any account compromised may lead to much bigger issues.

Obviously, many Facebook users are not convinced of the company’s plans in creating the Facebook Messenger payment feature: Everyone is wondering if advertisements on the site will just turn out to be more predominant on our news feed? Will it get to be less demanding to get deceived into buying a product with just a click of a mouse?

In addition, for those of you who need a Facebook messenger download, you can simply visit the Facebook messenger app page on ITunes and click on download Facebook Messenger, follow the instructions as you proceed to the end of the download. You can also download the Facebook messenger for android through the Google play store

Clearly, the idea of sending money through applications or electronic messaging systems is not a new idea for the Facebook Messenger users. On the other hand, PayPal president David Marcus was employed last June to oversee the messaging systems of Facebook.

Combining his skills into electronic payments and money transfer with Mark Zuckerberg‘s innovation on the future of social media could bring Facebook Messenger to the cutting edge of e-business in the years to come.

Facebook Messenger Gets Peer-To-Peer Money Transfer Feature.

Image credit: sumit chauhan Flick

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